CoBancorp Inc. announces record second quarter 1996 earnings and third quarter cash dividend.ELYRIA Elyria (ēlēr`ēə), city (1990 pop. 56,746), seat of Lorain co., N Ohio, on the Black River; inc. 1833. It is an industrial center in a farm region. , Ohio--(BUSINESS WIRE)--July 23, 1996--CoBancorp Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on - COBI) today announced record net income of $1,635,000 for the second quarter of 1996, an increase of $214,000, or 15 percent from the $1,421,000 earned the second quarter of 1995. Earnings per share were $0.47, compared to $0.41 for the same period in the prior year. Second quarter earnings represent a return on common shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of 13.4 percent and a return on average assets of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 1.1 percent. The Board of Directors also declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. a cash dividend of $0.16 per share, payable September September: see month. 3, 1996, to shareholders of record August 16, 1996. This payment adjusted for a 3-percent stock dividend paid in 1995, represents an increase of approximately 10 percent over the same quarter last year. Net income for the 6 months ended June June: see month. 30, 1996, was $2,920,000, as contrasted with $2,881,000 earned in the same period of 1995. Earnings per share were $0.85 compared to $0.84 for the same period of the prior year. On February February: see month. 16, 1996, CoBancorp Inc.'s wholly-owned subsidiary, PremierBank & Trust, acquired 11 Lorain Lorain (lôrān`), city (1990 pop. 71,245), Lorain co., N Ohio, on Lake Erie at the mouth of the Black River; inc. 1834. Once an important ore-shipping point, Lorain has shipyards, steelworks, automobile-assembly plants, and commercial County offices of a competing financial institution. In line with expectations for higher operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. costs, the Bank is in the implementation stage of effecting certain planned operating efficiencies and economies. The second quarter performance reflects positive results of this strategy, and even greater impact is envisioned over the balance of 1996. Included in this plan is the consolidation of 3 branches on August 1, 1996, in the Bank's primary market and the introduction of `neighborhood hours,' customizing operations to more economically ec·o·nom·i·cal adj. 1. Prudent and thrifty in management; not wasteful or extravagant. See Synonyms at sparing. 2. Intended to save money, as by efficient operation or elimination of unnecessary features; economic: provide banking services in today's changing delivery system. As part of the original branch acquisition strategy, further consolidations are to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. which are not expected to substantially affect the quality and availability of customer service. The Company also reported extension of its letter-of-intent involving the acquisition of the $65,000,000-total asset Jefferson Jefferson, uninc. city (1990 pop. 25,782), Fairfax co., N Va. It is a residential suburb of Washington, D.C. Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , Dublin, Ohio Dublin is a city in Delaware, Franklin, and Union counties in the U.S. state of Ohio. The population was 31,392 at the 2000 census. In 2006, the population was estimated to be 36,565[1], and Dublin continues to be one of the fastest-growing suburbs of Columbus. . Chairman, President and Chief Executive Officer John S. Kreighbaum acknowledged that a definitive agreement is nearing completion and it is hoped that the institution will come under CoBancorp Inc.'s ownership by year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. 1996. "There are a number of attractive benefits, both financial and strategic, that should become complementary for both organizations. Considerable time and effort have been invested to ensure the successful conversion of this thrift thrift: see leadwort. into our Corporation," said Kreighbaum. The asset quality of PremierBank & Trust continues at excellent levels. The ratio of nonperforming loans to total loans remains low at 0.22 percent at the end of the quarter as compared to 0.30 percent on December December: see month. 31, 1995. The Bank also announced that recoveries, again, have exceeded charge offs and that it has not experienced a net loss on loans for approximately 2-1/2 years. During the quarter the Bank officially opened its first office in downtown Cleveland Downtown Cleveland is the central business district of the City of Cleveland and Northeast Ohio. Reinvestment in the area in the mid-1990s spurred a rebirth that continues to this day, with over $2 billion in capital projects slated to involve the downtown area over the next few in the BP America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Building. As planned, the office is focusing on commercial loan generation as a continuation continuation - continuation passing style of the Bank's diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. strategies. It is noteworthy that following 3 months of operation the office has already achieved its first-year adj. 1. Being in the first year of an experience especially in a U. S. high school or college; - of a person. Adj. 1. first-year - used of a person in the first year of an experience (especially in United States high school or college); "a performance goals. CoBancorp Inc. (NASDAQ: COBI) is a bank holding company incorporated in Ohio with headquarters in Elyria. CoBancorp Inc.'s wholly-owned subsidiary, PremierBank & Trust, is also based in Elyria with regional headquarters in Cleveland Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and and Worthington, Ohio Worthington is a city in Franklin County, Ohio, United States. The population was 14,125 at the 2000 census. The city was founded in 1803 by the Scioto Company led by James Kilbourne, who was later elected to the United States House of Representatives. . The Bank operates 40 banking offices and 39 ATMs located in Lorain, Erie Erie, indigenous people of North America Erie (ĭr`ē), indigenous people of North America of the Iroquoian branch of the Hokan-Siouan linguistic stock (see Native American languages). , Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). , Crawford, Cuyahoga Cuyahoga (kī'əhō`gə), river, c.80 mi (130 km) long, flowing SW through Cuyahoga Falls, then N to Lake Erie, NE Ohio, forming part of Cleveland harbor. , Franklin Franklin, cities, United States Franklin. 1 City (1990 pop. 12,907), seat of Johnson co., S central Ind., inc. 1823. It is a farm trade center. Manufactures include auto parts, aluminum doors and windows, and copper panels. , Huron and Richland Counties Richland County is the name of several counties in the United States:
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COBANCORP INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED)
JUNE 30, 1996
June 30
_________________________
1996 1995
ASSETS
Cash and due from banks $31,094,725 $31,647,781
Investment securities 215,467,248 170,619,149
Federal funds sold 0 8,000,000
Loans 331,199,642 322,404,979
Less allowance for loan
losses 6,012,261 5,662,941
____________ ____________
Net loans 325,187,381 316,742,038
Bank premises and equipment 14,290,926 10,764,005
Accrued income and
prepaid expense 5,555,683 5,033,295
Other assets 19,487,534 9,417,735
____________ ____________
TOTAL ASSETS $611,083,497 $552,224,003
____________ ____________
____________ ____________
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits
Demand - noninterest-
bearing $82,159,484 $66,028,770
Demand - interest-
bearing 60,856,793 52,966,581
Savings and other time 391,015,637 363,790,915
____________ ____________
Total deposits 534,031,914 482,786,266
Short-term funds 23,940,569 19,320,211
Other liabilities 3,870,459 3,006,757
Employee stock ownership
plan obligation 305,260 692,760
____________ ____________
Total liabilities 562,148,202 505,805,994
Shareholders' equity
Capital stock, without
par value,
5,000,000 shares
authorized
3,447,160 shares
outstanding 5,896,098 5,769,049
Surplus 18,553,553 16,623,320
Retained earnings 27,188,047 24,783,279
Unrealized gain (loss)
on available-for-sale
securities (net of tax) (2,397,143) (64,879)
Employee stock
ownership plan
obligation (305,260) (692,760)
____________ ____________
Total shareholders'
equity 48,935,295 46,418,009
____________ ____________
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY $611,083,497 $552,224,003
____________ ____________
____________ ____________
COBANCORP INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
JUNE 30, 1996
1996
_____________________________________
Second First Year to
Quarter Quarter Date
__________ _________ ___________
INTEREST INCOME
Loans (including fees)
Taxable $7,530,935 $7,292,596 $14,823,531
Tax-exempt 8,621 44,033 52,654
Investment securities
Taxable 2,523,349 1,682,238 4,205,587
Tax-exempt 900,223 1,030,452 1,930,675
Federal funds sold 99,166 188,447 287,613
__________ _________ ___________
Total interest income 11,062,294 10,237,766 21,300,060
INTEREST EXPENSE
Deposits 4,186,094 3,959,373 8,145,467
Short-term
borrowed funds 153,920 165,619 319,539
__________ _________ ___________
Total interest
expense 4,340,014 4,124,992 8,465,006
__________ _________ ___________
Net interest income 6,722,280 6,112,774 12,835,054
__________ _________ ___________
PROVISION FOR LOAN LOSSES 40,000 60,000 100,000
__________ _________ ___________
Net interest
income after
provision for
loan losses 6,682,280 6,052,774 12,735,054
OTHER INCOME
Service charges on deposit
accounts 788,306 634,339 1,422,645
Trust fees 351,000 351,000 702,000
Other 705,907 227,715 933,622
Securities gains 4,565 295,029 299,594
__________ _________ ___________
Total other income 1,849,778 1,508,083 3,357,861
OTHER EXPENSES
Salaries, wages and benefits 2,799,226 2,642,161 5,441,387
Occupancy -- net 434,461 429,031 863,492
Furniture and equipment 234,000 234,000 468,000
Taxes, other than income
and payroll 180,008 180,911 360,919
FDIC insurance 21,995 20,742 42,737
Other 3,055,047 2,530,524 5,585,571
__________ _________ ___________
Total other expenses 6,724,737 6,037,369 12,762,106
__________ _________ ___________
Income before income taxes 1,807,321 1,523,488 3,330,809
INCOME TAX EXPENSE 173,000 238,000 411,000
__________ _________ ___________
NET INCOME $1,634,321 $1,285,488 $2,919,809
__________ _________ ___________
__________ _________ ___________
1995
_____________________________________
Second First Year to
Quarter Quarter Date
__________ _________ ___________
INTEREST INCOME
Loans (including fees)
Taxable $7,583,187 $7,360,991 $14,944,178
Tax-exempt 48,686 48,047 96,733
Investment securities
Taxable 1,465,094 1,377,000 2,842,094
Tax-exempt 985,921 972,888 1,958,809
Federal funds sold 15,434 1,628 17,062
__________ _________ ___________
Total interest income 10,098,322 9,760,554 19,858,876
INTEREST EXPENSE
Deposits 3,883,971 3,351,153 7,235,124
Short-term
borrowed funds 217,507 247,585 465,092
__________ _________ ___________
Total interest
expense 4,101,478 3,598,738 7,700,216
__________ _________ ___________
Net interest income 5,996,844 6,161,816 12,158,660
PROVISION FOR LOAN LOSSES 60,000 60,000 120,000
__________ _________ ___________
Net interest
income after
provision for
loan losses 5,936,844 6,101,816 12,038,660
OTHER INCOME
Service charges on deposit
accounts 477,582 459,615 937,197
Trust fees 327,500 340,000 667,500
Other 239,420 208,442 447,862
Securities gains 7,623 (4,118) 3,505
__________ _________ ___________
Total other income 1,052,125 1,003,939 2,056,064
OTHER EXPENSES
Salaries, wages and benefits 2,277,578 2,329,349 4,606,927
Occupancy -- net 372,488 386,942 759,430
Furniture and equipment 172,500 172,500 345,000
Taxes, other than income
and payroll 147,280 149,587 296,867
FDIC insurance 250,185 250,185 500,370
Other 2,059,877 2,046,835 4,106,712
__________ _________ ___________
Total other expenses 5,279,908 5,335,398 10,615,306
__________ _________ ___________
Income before income taxes 1,709,061 1,770,357 3,479,418
INCOME TAX EXPENSE 288,000 310,000 598,000
__________ _________ ___________
NET INCOME $1,421,061 $1,460,357 $2,881,418
__________ _________ ___________
__________ _________ ___________
PremierBank & Trust
Outstandings
June 30, 1996
____________________________________________________________________
1990 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 94,812,130 62,303,442 55,125,984
2ND QUARTER 94,761,115 66,314,909 57,248,594
3RD QUARTER 99,588,881 66,799,724 57,269,564
4TH QUARTER 101,778,193 66,198,872 56,009,792
____________________________________________________________________
1990 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 3,623,139 8,472,431 224,337,126
2ND QUARTER 3,635,729 9,911,164 231,871,511
3RD QUARTER 3,772,237 10,859,614 238,290,020
4TH QUARTER 4,038,789 11,221,355 239,247,001
____________________________________________________________________
1991 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 99,373,198 66,201,388 53,632,062
2ND QUARTER 96,165,862 66,829,904 51,097,082
3RD QUARTER 94,548,682 67,294,754 48,080,276
4TH QUARTER 93,693,694 69,321,049 44,465,591
____________________________________________________________________
1991 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 3,649,446 11,575,159 234,431,253
2ND QUARTER 3,656,089 11,922,032 229,670,969
3RD QUARTER 3,709,966 11,957,770 225,591,448
4TH QUARTER 3,767,622 12,046,981 223,294,937
____________________________________________________________________
1992 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 98,494,678 70,456,916 41,916,384
2ND QUARTER 101,956,448 76,848,128 38,473,478
3RD QUARTER 106,271,847 80,703,871 36,328,180
4TH QUARTER (1) 109,261,773 86,047,217 34,144,351
(1) $92,491 LEASE RECEIVABLES
____________________________________________________________________
1992 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 3,344,704 12,376,597 226,589,279
2ND QUARTER 3,379,484 12,939,995 233,597,533
3RD QUARTER 3,360,844 13,536,331 240,201,073
4TH QUARTER 3,330,335 13,713,650 246,497,326
____________________________________________________________________
1993 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 111,894,487 88,976,945 34,455,592
2ND QUARTER 113,087,217 94,323,526 29,869,469
3RD QUARTER 117,696,340 101,919,471 29,099,179
4TH QUARTER (2) 122,698,706 119,210,643 31,119,183
(2) Crestline loans converted to PB&T system 11-12-93
____________________________________________________________________
1993 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 3,071,920 14,252,325 252,651,269
2ND QUARTER 2,895,596 15,093,464 255,269,272
3RD QUARTER 3,070,394 15,463,128 267,248,512
4TH QUARTER 3,042,258 15,705,844 291,776,634
____________________________________________________________________
1994 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 123,726,288 124,542,782 31,873,330
2ND QUARTER 130,276,267 137,360,866 34,020,854
3RD QUARTER 132,209,334 129,964,359 36,407,125
4TH QUARTER 136,186,623 135,062,328 38,237,294
____________________________________________________________________
1994 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 2,834,805 16,087,793 299,064,998
2ND QUARTER 2,859,070 16,908,146 321,425,203
3RD QUARTER 2,911,968 17,815,488 319,308,274
4TH QUARTER 3,013,537 17,633,179 330,132,961
____________________________________________________________________
1995 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 134,872,088 138,159,074 41,408,455
2ND QUARTER 136,827,122 121,303,819 43,342,066
3RD QUARTER 134,991,732 123,365,529 44,671,605
4TH QUARTER 135,419,135 120,722,407 43,318,794
____________________________________________________________________
1995 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 2,690,502 17,337,123 334,467,242
2ND QUARTER 2,870,678 17,895,150 322,238,835
3RD QUARTER 2,967,213 18,039,569 324,035,648
4TH QUARTER 3,106,688 17,941,706 320,508,730
____________________________________________________________________
1996 COMMERCIAL MORTGAGE INSTALLMENT
____________________________________________________________________
1ST QUARTER 135,551,054 126,738,367 44,100,155
2ND QUARTER 139,084,951 126,974,406 43,336,263
____________________________________________________________________
1996 BANK CARDS HOME EQUITY TOTAL
____________________________________________________________________
1ST QUARTER 2,954,926 17,630,449 326,974,952
2ND QUARTER 3,106,163 18,697,859 331,199,642
PremierBank & Trust
Non Performing Assets
June 30, 1996
_____________________________________________________________________
12/31/90 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 5,830,549.00 $ 345,098.00 $ 17,106.00
OVER 90 DAYS 18,088.00 309,743.00 279,836.00
OREO 0.00 0.00 0.00
______________ ____________ _____________
NON PERFORMING ASSETS 5,848,637.00 654,841.00 296,942.00
AS A % OF CAPITAL 19.83 2.20 1.00
AS A % OF OUTSTANDINGS 5.75 0.99 0.53
_____________________________________________________________________
12/31/90 BANK CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 0.00 $ 0.00 $6,192,753.00
OVER 90 DAYS 30,474.00 40,359.00 678,500.00
OREO 0.00 0.00 0.00
______________ ____________ _____________
NON PERFORMING ASSETS 30,474.00 40,359.00 6,871,253.00
AS A % OF CAPITAL 0.10 0.14 23.30
AS A % OF OUTSTANDINGS 0.75 0.36 2.87
_____________________________________________________________________
12/31/91 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 3,429,472.00 $ 257,985.00 $ 0.00
OVER 90 DAYS 729,858.00 259,126.00 60,874.00
OREO 307,181.00 0.00 0.00
______________ ____________ _____________
NON PERFORMING ASSETS 4,466,511.00 517,111.00 60,874.00
AS A % OF CAPITAL 13.92 1.61 0.18
AS A % OF OUTSTANDINGS 4.77 0.75 0.14
_____________________________________________________________________
12/31/91 CREDIT CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 0.00 $ 0.00 $3,687,457.00
OVER 90 DAYS 40,718.00 83,141.00 1,173,717.00
OREO 0.00 0.00 307,181.00
______________ ____________ _____________
NON PERFORMING ASSETS 40,718.00 83,141.00 5,168,355.00
AS A % OF CAPITAL 0.13 0.26 16.11
AS A % OF OUTSTANDINGS 1.08 0.69 2.31
_____________________________________________________________________
12/31/92 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 1,742,582 $ 689,348 $ 0
OVER 90 DAYS 0 0 80,727
OREO 992,948 25,241 0
______________ ____________ _____________
NON PERFORMING ASSETS 2,735,530 714,589 80,727
AS A % OF CAPITAL 7.72 2.02 0.23
AS A % OF OUTSTANDINGS 2.50 0.83 0.24
_____________________________________________________________________
12/31/92 CREDIT CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 0 $ 0 $ 2,431,930
OVER 90 DAYS 17,077 0 97,804
OREO 0 0 1,018,189
______________ ____________ _____________
NON PERFORMING ASSETS 17,077 0 3,547,923
AS A % OF CAPITAL 0.05 0.00 10.01
AS A % OF OUTSTANDINGS 0.51 0.00 1.44
_____________________________________________________________________
12/31/93 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 821,480 $ 493,412 $ 0
OVER 90 DAYS 0 0 126,280
OREO 477,829 162,000 0
______________ ____________ _____________
NON PERFORMING ASSETS 1,299,309 655,412 126,280
AS A % OF CAPITAL 3.27 1.65 0.32
AS A % OF OUTSTANDINGS 1.06 0.55 0.41
_____________________________________________________________________
12/31/93 CREDIT CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 0 $ 0 $ 1,314,892
OVER 90 DAYS 9,008 0 135,288
OREO 0 0 639,829
______________ ____________ _____________
NON PERFORMING ASSETS 9,008 0 2,090,009
AS A % OF CAPITAL 0.02 0.00 5.26
AS A % OF OUTSTANDINGS 0.30 0.00 0.72
_____________________________________________________________________
12/31/94 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 87,812 $ 270,264 $ 0
OVER 90 DAYS 0 0 35,098
OREO 0 49,570 0
______________ ____________ _____________
NON PERFORMING ASSETS 87,812 319,834 35,098
AS A % OF CAPITAL 0.21 0.77 0.08
AS A % OF OUTSTANDINGS 0.06 0.24 0.09
_____________________________________________________________________
12/31/94 CREDIT CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 0 $ 0 $ 358,076
OVER 90 DAYS 12,431 3,130 50,659
OREO 0 0 49,570
______________ ____________ _____________
NON PERFORMING ASSETS 12,431 3,130 458,305
AS A % OF CAPITAL 0.03 0.01 1.11
AS A % OF OUTSTANDINGS 0.41 0.02 0.14
_____________________________________________________________________
12/31/95 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 579,908 $ 279,284 $ 0
OVER 90 DAYS 0 0 66,385
OREO 0 0 0
______________ ____________ _____________
NON PERFORMING ASSETS 579,908 279,284 66,385
AS A % OF CAPITAL 1.17 0.56 0.13
AS A % OF OUTSTANDINGS 0.43 0.23 0.15
_____________________________________________________________________
12/31/95 CREDIT CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 0 $ 0 $ 859,192
OVER 90 DAYS 4,441 34,968 105,794
OREO 0 0 0
______________ ____________ _____________
NON PERFORMING ASSETS 4,441 34,968 964,986
AS A % OF CAPITAL 0.01 0.07 1.95
AS A % OF OUTSTANDINGS 0.14 0.19 0.30
_____________________________________________________________________
06/30/96 COMMERCIAL MORTGAGE INSTALLMENT
_____________________________________________________________________
NON EARNING LOANS $ 378,926 $ 131,500 $ 0
OVER 90 DAYS 92,901 0 27,455
OREO 0 0 0
______________ ____________ _____________
NON PERFORMING ASSETS 471,827 131,500 27,455
AS A % OF CAPITAL 0.92 0.26 0.05
AS A % OF OUTSTANDINGS 0.34 0.10 0.06
_____________________________________________________________________
06/30/96 CREDIT CARDS HOME EQUITY TOTAL
_____________________________________________________________________
NON EARNING LOANS $ 1,800 $ 83,350 $ 595,575
OVER 90 DAYS 20,063 0 140,420
OREO 0 0 0
______________ ____________ _____________
NON PERFORMING ASSETS 21,863 83,350 735,995
AS A % OF CAPITAL 0.04 0.16 1.43
AS A % OF OUTSTANDINGS 0.70 0.45 0.22
PremierBank & Trust
Delinquency 30 Days & Over
June 30, 1996
________________________________________________________________
1990 COMMERCIAL MORTGAGE INSTALLMENT
________________________________________________________________
1ST QUARTER $ 5,771,209 $ 1,675,509 $ 1,490,866
6.10% 2.69% 2.70%
2ND QUARTER $ 7,111,090 $ 1,773,957 $ 1,628,441
7.50% 6.80% 2.84%
3RD QUARTER $ 5,713,491 $ 736,814 $ 2,063,475
5.74% 1.10% 3.60%
4TH QUARTER $ 9,497,072 $ 2,474,237 $ 2,358,604
9.33% 3.74% 4.21%
________________________________________________________________
1990 BANK CARDS HOME EQUITY TOTAL
________________________________________________________________
1ST QUARTER $ 109,075 $ 97,062 $ 9,143,721
3.01% 1.15% 4.08%
2ND QUARTER $ 102,905 $ 17,076 $ 10,633,469
2.83% 0.17% 4.59%
3RD QUARTER $ 110,782 $ 17,106 $ 8,641,668
2.94% 0.16% 3.63%
4TH QUARTER $ 118,317 $ 40,359 $ 14,488,589
2.93% 0.36% 6.06%
________________________________________________________________
1991 COMMERCIAL MORTGAGE INSTALLMENT
________________________________________________________________
1ST QUARTER $ 7,717,961 $ 2,851,958 $ 2,087,599
7.77% 4.31% 3.89%
2ND QUARTER $ 7,339,650 $ 1,047,016 $ 2,280,711
7.63% 1.57% 4.46%
3RD QUARTER $ 5,681,657 $ 3,858,222 $ 1,408,298
6.01% 5.73% 2.93%
4TH QUARTER $ 6,199,459 $ 914,606 $ 1,285,449
6.62% 1.32% 2.89%
________________________________________________________________
1991 BANK CARDS HOME EQUITY TOTAL
________________________________________________________________
1ST QUARTER $ 107,053 $ 74,273 $ 12,838,844
2.93% 0.64% 5.48%
2ND QUARTER $ 109,010 $ 54,183 $ 10,830,570
2.98% 0.45% 4.72%
3RD QUARTER $ 169,230 $ 19,596 $ 11,137,003
4.56% 0.16% 4.94%
4TH QUARTER $ 151,298 $ 371,551 $ 8,922,363
4.02% 3.09% 3.99%
________________________________________________________________
1992 COMMERCIAL MORTGAGE INSTALLMENT
________________________________________________________________
1ST QUARTER $ 6,375,118 $ 721,808 $ 1,070,034
6.47% 1.02% 2.55%
2ND QUARTER $ 5,015,914 $ 1,425,862 $ 784,715
4.92% 1.86% 2.04%
3RD QUARTER $ 3,655,453 $ 968,443 $ 1,092,857
3.44% 1.20% 3.01%
4TH QUARTER $ 2,957,012 $ 835,708 $ 667,443
2.71% 0.97% 1.95%
________________________________________________________________
1992 BANK CARDS HOME EQUITY TOTAL
________________________________________________________________
1ST QUARTER $ 103,221 $ 135,604 $ 8,405,785
3.09% 1.09% 3.71%
2ND QUARTER $ 86,458 $ 66,016 $ 7,378,965
2.56% 0.51% 3.16%
3RD QUARTER $ 156,699 $ 36,587 $ 5,910,039
4.77% 0.27% 2.46%
4TH QUARTER $ 77,575 $ 14,851 $ 4,552,589
2.33% 0.11% 1.85%
________________________________________________________________
1993 COMMERCIAL MORTGAGE INSTALLMENT
________________________________________________________________
1ST QUARTER $ 2,434,264 $ 1,200,266 $ 424,227
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